Increase Liquidity Mining Reward Pool

Summary:

This snapshot vote is to increase the Liquidity Mining Reward pool. This snapshot requires quorum to be considered valid. (see on-chain voting parameters)

Description:

Instadapp has on-going Liquidity Mining reward program. Instadapp DSA v.2 users are awarded INST for maintaining a DeFi balance in their accounts. In the next few weeks, several integrations will be added to Instadapp. These integrations and Instadapp will benefit from distributing to new protocols protocols. This vote will increase the Liquidity Mining reward pool. The Liquidity Mining reward pool started with 3m INST at token launch.

Increasing the Liquidity Mining Reward Pool The additional INST rewards will be allocated from the Community Treasury. The choices range from 100,000 INST to 400,000 INST (which is also 0.25% to 1% of the Treasury.)

All ‘allocate additional’ votes will count as a ‘for’ vote to increase the allocation; and the allocated amount will be determined by simple majority.

For more information please read the blog here: https://blog.instadapp.io/inst